Tuesday Morning Bitcoin Ethereum Market Analysis and Trading Suggestions
Looking back at our strategy laid out in the early hours, it has been validated. Bitcoin's bears are being suppressed, with the price reaching a high of around 106580, and currently hovering around 106400. Ethereum is similar, currently hovering around 2510.
The four-hour level shows the market has risen with two consecutive bullish candles to the upper Bollinger Band, which is providing some resistance. Currently, we can only hover around the upper band, with the important resistance zone highly overlapping with previous pressure points, lacking the momentum to break through.
Short Bitcoin around 106700, target around 103500
Short Ethereum around 2550, target around 2400
